Larry Commerical Proxy Index

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Larry Commerical Proxy Index

Postby Apprentice » Sun Jul 21, 2013 2:59 am

LWPI.png

Larry Commerical Proxy Index
Larry Williams said he even dont need COT report to buil COT index. Here his formula:

MovingAvg(Open-Close, bars used in average)/MovingAvg(Range,bars used in average)*50 +50

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The indicator was revised and updated
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Larry Large Trade Index

Postby Apprentice » Sun Jul 21, 2013 3:05 am

LWTI.png

MovingAvg(Close - Close[Period], bars used in average)/MovingAvg(Range,bars used in average)*50 +50
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Blast Off

Postby Apprentice » Sun Jul 21, 2013 3:19 am

bo.png

Larry Williams shared a method that he uses to determine when a trading instrument is ready to make a big move. He calls it Blast Off. He compares the Open and Close verses the High and Low of the day. If the difference between the open and close of the day is less than 20% of the range of the day, then it's likely that the next day will be a pretty good size move.

MovingAvg(Abs(Close-Open, X days) /MovingAvg((High- Low),X days)*100

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Re: Larry Commerical Proxy Index

Postby Alexander.Gettinger » Thu Aug 29, 2013 11:23 am

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Re: Larry Commerical Proxy Index

Postby Apprentice » Thu Jul 27, 2017 9:56 am

The indicator was revised and updated.
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Re: Larry Commerical Proxy Index

Postby logicgate » Tue Feb 12, 2019 8:47 pm

Hello dear friend, hope all is good.

Is it possible to code this indicator for excel? And add it to the pool of indicators there, as an add on?

Or if not possible, do you know how to use the formula there?

I am starting to do some EOD futures data analysis in excel and this commercial proxy would come in handy there.

Thanks!
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Re: Larry Commerical Proxy Index

Postby Apprentice » Wed Feb 13, 2019 5:46 am

Your request is added to the development list under Id Number 4469
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Re: Larry Commerical Proxy Index

Postby logicgate » Thu Feb 14, 2019 7:43 am



My friend, you are my super hero! :D

The first thing on my list when I start making money with this is making you a fat donation.


I am starting to watch some excel courses to get really good at it. Would you care to explain to me why the formula in the TR (true range) column is that big?

=max(abs(D2-F3),abs(E2-F3),abs(D2-E2))

I saw that MAX returns the largest value in a set of values. In this case, you wanna see which is the highest value between D2-F3, E2-F3 and D2-E2 to use as true range?

I can see in the MA and ATR columns you are using a 6 day average, right? So to get different results, I just need to change the values here.

So when you are using the AVERAGE excel formula, you don't need to worry about inputing a formula like:

Current ATR = [(Prior ATR x 13) + Current TR] / 14

- Multiply the previous 14-day ATR by 13.
- Add the most recent day's TR value.
- Divide the total by 14

You just need to use AVERAGE and then choose the number cells (like in this case you used =average(H2:H8)

Thanks mate.
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